Samsung has been incredibly successful with its latest flagship smartphone, the Galaxy S III. The company sold 20 million units in the first 100 days the smartphone was available.

Now, however, Samsung believes that there's a market in Europe for a version of that smartphone with a smaller screen. The Galaxy S III has a massive 4.8-inch screen and Samsung believes that a version of the phone with a four-inch screen would be popular in Europe to compete directly with the iPhone 5.